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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Detroit, MI
Listed for sale today
$ 195,000
ROI
23.6
Cash Flow/m
207- 4 Bed
- 2 Bath
- 1436 sft
219 Ashland St, Detroit, MI, 48215
Listed for sale today
$ 125,000
ROI
23.7Cash Flow/m
136- 2 Bed
- 1 Bath
- 1216 sft
11115 Wayburn St, Detroit, MI, 48224
Listed for sale today
$ 150,000
ROI
23.0Cash Flow/m
136- 5 Bed
- 2 Bath
- 2293 sft
3905 Wabash St, Detroit, MI, 48208
Rental Income
Listed for sale today
$ 111,999
ROI
24.5Cash Flow/m
148- 3 Bed
- 1 Bath
- 1471 sft
20471 Marx Ave, Detroit, MI, 48203
Why Invest in Detroit, Michigan?
Detroit properties under $300k offer strong entry points for investors seeking high cash flow opportunities. The city's revitalization drives solid rental demand with average rents around $1,200 monthly. Cap rates hover at 8-10% while appreciation reaches 5% annually in key neighborhoods. Renter occupancy exceeds 70%, supported by job growth in automotive and tech sectors. Low acquisition costs enable quick scaling of portfolios with reliable ROI.
12%
Avg. ROI
9.5%
Rental Yield
9.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5.1%
1Y Appreciation
Frequently Asked Questions
Low entry prices combined with high rental yields around 9% create strong cash flow. Revitalization efforts boost appreciation at 5% yearly. Renter demand remains robust due to job growth in key sectors.
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